Bond market turns against African borrowers as debt costs soar

by | October 26, 2015 12:07 am

When Zambia first sold bonds in international markets in 2012, the country got so much demand it could have issued 16 times the $750 million it raised. Fast forward three years to an offering in July and the southern African nation only got twice as many bids for the $1.25 billion on sale. The drop…

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